Category: Money

Latest World Art News about Money, Capital, and Wealth in the Art, Antiques, and Collectibles markets

$3,000,000 Ultra-Rare 1960 Ferrari 250 GT Coupé to be Auctioned in Monaco

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The glamorous city of Monte Carlo is gearing up for an automotive spectacle like no other as Bonhams|Cars prepares to unveil a piece of motoring history at the upcoming Monaco Sale ‘Les Grandes Marques à Monaco’ in Villa la Vigie. At the heart of the excitement stands an unparalleled 1960 Ferrari 250 GT Coupé, a masterpiece poised to capture the attention of collectors and enthusiasts alike. Crafted with bespoke coachwork by Drogo at Carrozzeria Sports Cars, this exceptional vehicle boasts a lineage intertwined with the most revered names in Italian automotive design. With an estimated value ranging from €2,500,000 to €3,000,000 ($2,730,000 to $3,280,000), it is set to be the centerpiece of the eagerly anticipated Bonhams|Cars Monaco Sale, coinciding with the Historic Monaco Grand Prix.

Rothko’s Most Expensive Painting “No. 6 (Violet, Green and Red)” Sold Again!

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One of the most notable sales in the art world occurred in 2014 when Russian billionaire Dmitry Rybolovlev purchased Rothko’s renowned 1951 masterpiece, “No. 6 (Violet, Green and Red),” from Swiss art dealer Yves Bouvier for a staggering $186 million. While this record-breaking sale brought significant media attention, it also entangled the artwork in the notorious Bouvier Affair, a scandal that reverberated throughout the art world shortly after.

American Antiques Smash Records at Christie’s Totaling $9.3M – Joshua Johnson’s Art Sets World Record

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Christie’s annual auction of Important Americana in New York has exceeded all expectations, totaling an impressive $9,294,784. This figure marks a significant milestone, more than doubling last year’s total, and surpassing the low estimate by a striking 122%. With 80% of lots sold, the auction showcased the robust demand for Americana collectibles. Notably, over 25% of buyers and bidders were new to the category at Christie’s, indicating a growing interest in this niche market.

Bonhams Unveils Important Vasily Polenov Masterpiece at their 19th Century Impressionist Art Auction in London

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A rare oil painting by the Russian artist Vasily Dmitrievich Polenov (1844-1927), part of a series titled ‘The Life of Christ,’ will take center stage at Bonhams’ upcoming 19th-century and British Impressionist Art Sale on March 20 at New Bond Street in London. Entitled ‘And she went and told them that she had been with Him as they mourned and wept,’ the artwork is expected to fetch between £400,000 and £600,000. Another painting from the same series, ‘There were also women looking from afar off,’ achieved a price of over £1.5 million at Bonhams last year.

Custom ‘Elvis Presley’ Triumph Motorcycle and Guitar Hit Auction Block for Charity

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In a crazy blend of art, rock ‘n’ roll, and motorcycling history, Bonhams|Cars is gearing up to unveil a show-stopping duo at The Amelia Island Auction on February 29th: a bespoke ‘Elvis Presley’ Triumph Bonneville motorcycle and a matching Gibson Les Paul Guitar. And it’s all for a good cause! Estimating a value between $12,000 to $16,000, the star-studded lot is not just a collector’s dream but also a philanthropic endeavor. The proceeds will be channeled to The Elvis Presley Charitable Foundation, an organization perpetuating the generous spirit of the King of Rock and Roll in the Memphis community.

Tretchikoff’s Missing “Lost Orchid” Re-emerges at Bonhams African Art Sale In London

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It is considered to be one of Vladimir Tretchikoff’s great masterpieces and is one of the best-known and most reproduced of his works. Yet for years his Lost Orchid was itself considered lost. Having not been seen in public since it was acquired from the artist in 1955, the painting has finally re-emerged and will now be offered at Bonhams’ Modern and Contemporary African Art sale on 27 March at New Bond Street, London. It has an estimate of £150,000 – 200,000.

1904 NAPIER SAMSON L48: The First Car to Break 100MPH in America Goes to Auction

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The 1904 Napier Samson L48 is set to make a triumphant comeback to Florida, where it made history by breaking the 100 miles per hour record on American soil over a century ago. This legendary vehicle, famous for its illustrious racing background, will be unveiled at Ormond-Daytona Beach on February 10, ahead of the Bonhams|Cars Amelia Island Auction on February 29, where it’s anticipated to fetch a price ranging from $900,000 to $1,100,000.

Antiqon PRO: New Online Service Offers Art Market Professionals an Effective Way to Promote Art & Antiques on the Internet

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Antiqon PRO is announcing the launch of an online platform that introduces a completely new format for promoting and selling art objects on the Internet. This innovative service will enable representatives of the art market to seamlessly transition their business online and reach an audience of over 12 million people.

ART WAR: Sotheby’s Emerges Victorious in Russian Billionaire’s Battle Over Alleged Fraud

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In a riveting conclusion to a three-week trial, a federal jury ruled in favor of Sotheby’s on Tuesday, dispelling the accusations of Russian billionaire oligarch Dmitry Rybolovlev, who claimed the prestigious auction house defrauded him of tens of millions of dollars in art sales. The drama unfolded as Rybolovlev accused Sotheby’s of conspiring with Swiss art dealer Yves Bouvier to inflate prices for four significant works, including the famed “Salvator Mundi” attributed to Leonardo da Vinci.